MoneySave (M) Sdn Bhd


Awards and Recognition:
 

Company details

CEO/Director’s Name

Vincent Soh


Designation

Chief Executive Officer & Founder


Address

MoneySave@Co-Labs Starling Plus:
Suite 16, Lot PT207, Level 4,
Uptown 7, Jalan SS21/39,
Damansara Utama,
47400 Petaling Jaya, Selangor

MoneySave @ Co-Labs Starling Plus: Suite 16, Lot PT207, Level 4, Uptown 7,
Jalan SS21/39, Damansara Utama, 47400 Petaling Jaya, Selangor


Website

www.moneysave.com.my

MoneySave is Malaysia’s fastest and best performing P2P Crowdfunding / Fintech platform regulated by Securities Commission Malaysia. Investments using MoneySave Platform benefit Malaysian SMEs directly as it provides working capital for the SMEs. The company has crowdfunded companies in various industries such as Aerospace Engineering, Food Manufacturing and Distribution, FMCG, AgriTech, PowerTech and Energy, and Oil & Gas Services.


Over the past 16 months, MoneySave has crowdfunded more than RM145m and benefitted a supply chain of more than 5,000 SMEs and enriched over 50,000 families, Safer Investment Platform with 0% Default Rate by the SMEs, provided investor returns of over 15% per annum and over 50% of SMEs are Crowdfunded in less than 30 minutes on MoneySave and the SMEs receive the investments within the same day.

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Name, Position

MoneySave’s Unique Selling Propositions include being the 1st Crowdfunding Platform in the world to use a patented Risk Reduction Incentive Score where SMEs enjoy lower cost of financing if they lower their credit risks. For example, if they provide Post Dated Cheques as security, they enjoy 0.50% p.a. discount, with Personal Guarantee the discount is 1.50% p.a., with Key Man Life Insurance assigned to the Platform’s Investors the discount is up to 1.50% p.a. and many others. MoneySave can crowdfund companies incorporated from 6 months onwards and does not require any collateral as security for financing up to RM25m.

MoneySave has many achievements which makes it a worthy winner of the Golden Bull Award. Over the next five years, the economic multiplier effect of MoneySave’s funding is expected to be more than RM100bn (>5% of GDP) based on RM11bn of SMEs Funded. The company’s success would benefit over 100,000 SMEs (10% of SMEs in Malaysia) and Enrich 1,000,000 Families. MoneySave’s track record in Malaysia includes being the Fastest Crowdfunder of RM10.3m in less than 30 minutes and the Fastest Crowdfunder per Issuer in Malaysia at 95 secs for Potboy Groceries in 2020. The company would crowdfund up to RM11bn within the next 5 years and benefit 10% of SMEs directly in Malaysia i.e. average RM100k x 100,000 SMEs.